Texas Capital Bancshares Hits Day Low of $96.50 Amid Price Pressure

Texas Capital Bancshares, Inc. experienced a significant decline today, with the stock dropping by 7.87% and reaching an intraday low of USD 96.50. This performance contrasts sharply with the S&P 500, which saw a modest gain of 0.69% on the same day. Over the past week, Texas Capital Bancshares has faced a 6.45% decrease, while the S&P 500 rose by 1.07%. In terms of longer-term performance, the stock has shown a year-to-date increase of 6.86%, outpacing the S&P 500's 0.94% gain. However, over the past three years, Texas Capital Bancshares has lagged behind the broader market, with a 47.76% increase compared to the S&P 500's 69.39%. Despite the recent downturn, the company maintains a strong market position within the major banks industry, boasting a market capitalization of USD 4,639 million. With a return on equity of 9.09% and a price-to-book ratio of 1.28, Texas Capital Bancshares continues to attract attention in the financial sector.